Powell: Better to Deal With Debt Problem 'Sooner Rather Than Later'

The transcript discusses concerns about inflation and debt in the United States, emphasizing that while the level of debt is not the Federal Reserve's responsibility, the country is on an unsustainable fiscal path. It suggests that addressing this issue sooner rather than later is crucial.

What is the primary concern discussed in the first section regarding the United States?

• The global economic impact

• The production of inflation

• The role of the Federal Reserve

• The level of debt

According to the second section, whose responsibility is it to manage the level of debt?

• The Federal Reserve

• The State Governments

• The Federal Government

• The International Monetary Fund

What is not considered the Federal Reserve's job according to the transcript?

• Managing inflation

• Setting interest rates

• Controlling the level of debt

• Regulating banks

What does the speaker suggest about the fiscal path of the federal government?

• It is sustainable

• It is improving

• It is irrelevant

• It is unsustainable

Why is it important to address the fiscal path issue sooner rather than later?

• To avoid international criticism

• To reduce interest rates

• To prevent further inflation

• To ensure economic stability